Elizabeth Warren’s Flag For Satoshi: A Meme Or Crypto Olive Branch?

On February 15, an unconfirmed report circulated in the crypto community, suggesting that outspoken crypto critic and US Senator Elizabeth Warren had honored Bitcoin founder Satoshi Nakamoto with a ceremonial US flag. However, that wasn’t the case, as more context has been provided regarding what happened. 

Warren Didn’t Exactly Honor Nakamoto

As highlighted by an X (formerly Twitter) user, someone (mostly likely a troll) reached out to Warren’s office to purchase a flag that would be flown in honor of Satoshi. Like every other Senator, Senator Warren has a dedicated website page where anyone can go to and place a flag order. 

Former US Representative Jim Cooper had previously revealed that anyone could purchase a flag that had flown over the US Capitol. Furthermore, they could even request that they wanted the flag be flown over the Capitol on a certain date to honor a person like Nakamoto. All such a person had to do was contact their US Congressman or Senator. 

Meanwhile, anyone who buys the flag also receives a certificate confirming that the flag was indeed flown over the Capitol. That explains why a certificate included Warren’s signature, contributing to the belief that she had endorsed the Bitcoin founder. 

Nothing Has Changed

With this revelation, Senator Elizabeth Warren remains one of the most outspoken critics of cryptocurrencies rather than a Bitcoin convert like BlackRock’s CEO Larry Fink. Pro-XRP legal expert John Deaton had once described the Senator as the “biggest threat” to crypto in the United States.  

Senator Warren had notably introduced the ‘Digital Asset Anti-Money Laundering Act.’ Although she argued that the law would mitigate certain illicit finance risks that crypto poses, many in the crypto community were vocal against the proposed legislation. Coin Center went as far as labeling the act an “unconstitutional assault” on digital assets and stakeholders in the industry. 

Interestingly, the crypto community isn’t just sitting back; they have decided to take action against the Senator. Specifically, members of the XRP community had urged Deaton, a long-term critic of Warren, to run against the Senator. Ripple’s CEO Brad Garlinghouse supported the push to get the lawyer to run for Senate. 

Bitcoinist recently reported that Deaton might answer the call as he seriously considers contesting for Warren’s seat. Senator Elizabeth Warren represents Massachusetts in the US Senate and has served since 2013. 

Chart from Tradingview